Direct relief payments worth $500 & $1,000 sent out this Sunday – What it means if your cash doesn’t arrive in time
THOUSANDS of Americans in New Mexico will be sent direct relief payments worth up to $1,000 in days.
The payments are reserved for residents that do not file state income tax returns and they will be sent out from July 3.
Around 33,000 New Mexicans are eligible for the check and it's estimated that around $18million worth of relief payments will be issued.
Single households that do not have any dependents will receive a $500 payment, and married couples will pocket $1,000, according to the New Mexico’s Tax and Revenue Department.
Relief payments are being sent by direct deposit and via the mail.
Checks will be mailed if direct deposits are rejected and those that do not receive payment should check the progress of their application.
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The payments were approved during a special sitting of the state legislature earlier this year and they will be sent on a first-come-first-served basis.
Around $20million has been set aside to provide the checks to non-tax-filers.
New Mexicans had until May 31 2022 to apply for a rebate, unless the $20million funding pot ran out before this.
Officials have said that the relief payments will be issued by July 31 but the checks could be issued sooner if residents provide up-to-date banking information.
The state encourages New Mexicans to file tax returns as they may be eligible for additional benefits.
New Mexico is sending out income tax rebates this summer but officials warn that residents cannot receive both the rebate and the relief payment.
Governor Michelle Lujan Grisham said the programs are designed to help residents “protect their paychecks” and help them cope with rising food and gas prices.
Single filers that earn less than $75,000 and have submitted their 2021 New Mexico Personal Income Tax return are set to receive a $250 payment in July.
Married couples that file joint tax returns and have an income under $150,000 will get a refundable income tax rebate of $500.
More than half a million taxpayers received at least $250 in June, and they will pocket another $250 in August.
Meanwhile, couples that have filed joint tax returns will get another $500 in August.
The rebates are being sent out automatically so residents do not need to submit any applications.
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Meanwhile, we revealed how millions of Californians are set to receive a payment worth $1,050 in the coming months.
And, Americans in Hawaii could be sent tax rebates worth up to $1,200 in late August.